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Tax Planning for Small Businesses - Tax Staff Essentials
Tax
CPE Self-study

Tax Planning for Small Businesses - Tax Staff Essentials

This course explores state-of-the-art planning ideas and tax-saving strategies to keep more of your clients’ money in their pockets. Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you which strategies are best for your clients.

$115 - $155
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Advanced

CPE Credits

6

Author(s)

Margaret F. Suralik

Availability

1 year

Product Number

TSETPSC21SSO

 Business & partner 
 Part of a discounted 
Product Details

Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients? This course explores state-of-the-art planning ideas and tax-saving strategies to keep more of your clients’ money in their pockets. Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and show you what strategies are best for your clients.

The entire course is designed around the idea that the needs of the small business owner change as the business moves through the business life cycle. The idea is that even though this is a tax course, taxes are only one consideration of many that must be considered when forming a new entity.

Throughout the course, we will discuss different entity types. “What do you need to do to form a sole proprietorship, partnerships, or other type of entity?” You will think about the nuances of each entity structure as we address this question.

Who Will Benefit
  • Tax professionals
Key Topics
  • Starting a business — the tax life of a business
  • Selecting a business entity type
  • The Tax Cuts and Jobs Act
  • Section 199A and the qualified business income deduction
  • Accounting methods
  • Compensation of owners — hiring family members
  • Reasonable compensation
  • Depreciation, Section 179, and bonus depreciation
  • Transactions with owners
  • Buy-sell and noncompete agreements
  • Exiting the business — special exit techniques
Learning Outcomes
  • Identify important tax considerations for the small business at each stage of its life.
  • Differentiate entity-type options available for small businesses.
  • Calculate the qualified business income deduction under Section 199A.
  • Identify the pros and cons of choosing an entity type after passage of the Tax Cuts and Jobs Act.
  • Choose the correct tax treatment for fringe benefits granted to partners and S corporation shareholders.
  • Choose the most effective strategy for depreciation of business tangible property.
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner.
  • Apply tax knowledge to help create an efficient and effective estate plan for a client.
  • Select a tax accounting method that is appropriate for a particular business.
  • Recognize tax issues involved in the exit of a shareholder from a corporation.
  • Select among ways to dispose of or liquidate a business in a tax-efficient manner.
Credit Info
CPE Credits
Online
6
NASBA Field of Study
Taxes
Level
Advanced
Prerequisites
Basic knowledge of business taxation
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$155.00
AICPA Members
Online
$125.00
Tax Section Members
Online
$115.00

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Margaret F. Suralik
CPA/ABV, ASA
"Margaret Suralik is a CPA with over 30 years experience working with business and individual clients. She has served as an officer and board member for nonprofit organizations and professional associations. In additional to her professional experience, Margaret has taught undergraduate and graduate level courses in accounting and finance at Marquette University and the London School of Economics. Margaret holds a B.S. in Accounting from Rutgers University, a MSc in Accounting & Finance from the London School of Economics and a MS in Taxation from Seton Hall University. Sheboygan, Wisconsin"
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Tax Planning for Small Businesses - Tax Staff Essentials
Select from the following options:
Online
$155.00
Nonmember Price
$155.00
Price excluding sales tax
$155.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Our top picks for additional learning - and savings

We’ve paired this product in CPE & Learning bundles to help you meet your learning goals. As a bonus, bundles include even more savings.

Our top picks for additional learning - and savings

We’ve paired this product in CPE & Learning bundles to help you meet your learning goals. As a bonus, bundles include even more savings.

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